productivity in the long run, at the cost of persistent unemployment, whereas a pro-stabilisation government sets a lenient default … screening mechanism then be applied to deter those most likely to default from seeking such financial assistance? The answer … information and a screening contract. The sector adversely affected in a pandemic can apply for government loans to reopen later …

We study the existence of a profitable unemployment insurance market in a dynamic economy with adverse selection … job losses matters. In contrast to conventional wisdom, we find that private unemployment insurance in the US can be … profitable for a relatively short exclusion length of one year. To stimulate the emergence of a private unemployment insurance …

productivity in the long run, but the economy suffers persistent unemployment in the near term. However, a pro stabilisation … fail to repay. In this paper we asked whether, and to what extent, it may be beneficial to apply a screening mechanism to … purpose, we develop a two-sector infinite horizon model featuring oligopolistic small businesses and a screening contract in …

productivity in the long run, but the economy suffers persistent unemployment in the near term. However, a pro … fail to repay. In this paper we asked whether, and to what extent, it may be beneficial to apply a screening mechanism to … purpose, we develop a two-sector infinite horizon model featuring oligopolistic small businesses and a screening contract in …